Rogers Sugar (TSE:RSI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Rogers Sugar Inc. (TSE:RSI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.73 and traded as high as C$6.87. Rogers Sugar shares last traded at C$6.87, with a volume of 112,213 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Rogers Sugar to a “hold” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of C$6.75.

Rogers Sugar Stock Performance

The company’s 50-day moving average price is C$6.91 and its 200 day moving average price is C$6.73. The stock has a market capitalization of C$884.38 million, a PE ratio of 13.23 and a beta of 0.71. The company has a debt-to-equity ratio of 89.42, a quick ratio of 0.56 and a current ratio of 1.68.

Rogers Sugar (TSE:RSI) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. Rogers Sugar had a net margin of 5.48% and a return on equity of 14.14%. The company had revenue of C$293.69 million for the quarter. On average, equities research analysts expect that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current fiscal year.

Rogers Sugar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.2%. Rogers Sugar’s dividend payout ratio is 69.23%.

Rogers Sugar Company Profile

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montréal, Québec. Lantic operates cane sugar refineries in Montréal, Québec, and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic also operates a distribution center in Toronto, Ontario. Lantic’s sugar products are mainly marketed under the ‘Lantic’ trademark in Eastern Canada, and the ‘Rogers’ trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.